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However, most charities are unable to take on deeded ownership of a timeshare, so they opt to sell the timeshare. If a charity sells the timeshare and keeps the proceeds as a donation, the donor is then entitled to a tax deduction. [4] Timeshare properties worth more than $5,000 need a written appraisal in conformity with IRS standards ...
Vacatia, founded in 2013 and based in San Francisco, California, is an American Vacation Ownership company that spun out of Vacation Listing Service Inc., launching originally as an online marketplace for buying and selling timeshare interests. [1] [2]
This is a list of the major timeshare companies worldwide. Timeshare companies. Company Office Resort locations Number of resorts Number of rooms Number of owners
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The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. [1] Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons.
[35] [36] It made moves towards building a major online travel portal by acquiring Galileo International for $2.9 billion, [37] [38] and Cheap Tickets for $425 million. [39] [40] It entered the timeshare sales and management business by buying Fairfield Communities for $690 million, [41] [42] and Trendwest Resorts for $980 million.
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